While Sydneysiders marvel at the flashy new Sydney Metro, infrastructure investor KKR’s John Laing has descended on the central business district to make its own train bid.

Street Talk can reveal John Laing is set to become the largest investor in the Sydney Light Rail public-private partnership after agreeing terms to acquire a 62.5 per cent stake in Aware Super. It already had a 32.5 per cent stake, which will now increase to 95 per cent.

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